While most of us scramble to make last - minute RRSP contributions or start wondering how to reduce
taxes in retirement the year we retire, the wealthy
tend to realize that building
wealth and reducing
taxes requires a plan that allows you to see decades into the future.
And Jim Larsen @ 521 — to that I would just add, it shouldn't
tend to be inhumane to
tax regardless of
wealth because if CO2 emission were proportional to
wealth generation, then the poor will be
taxed less; otherwise, the price signal is encouraging
wealth generation with less CO2 emission (which shapes investment so that it becomes easier to do so with less).